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Showing posts from January, 2006

Buying a rental home in the Fl keys

Renting your home out as a seasonal(vacation rental)or long term. Long term renters are easy to find as there is a shortage of homes for rent. So, if you want to buy something for retirement or a vacation home and rent it out to help your payments-this is typically the easiest way. (Long term rentals are considered to be anything over 6 months, as the tenants don't pay the 11.5% Florida tax) • Generally long term rentals should be unfurnished. • Initially we do a credit check before submitting a lease to you, then with your approval of the lease, we collect the first and last months rent plus a security deposit which is typically a months rental amount. We are very proactive in this area and I assure you the home is handled professionally. • As to utilities- The tenants take the lease to the water, electric, phone and cable people and have the utilities put in their name and of course they pay their own deposits. Garbage down here is included in your tax bill-so there is no

10 reasons for buying a second home in Florida

Owning a second home used to be reserved for very few people. With the changes in personal income, ease of travel and the day to day stress of everyday life more and more people are buying second homes. Following are some good reasons to consider doing this yourself. It's also important that you realize that the prices of homes on the water in the Florida Keys are still a real bargain compared to elsewhere in the US and even more especially Europe. Following are the main reasons it could make sense for you and your family to buy a second home! 1.Gain appreciation as a good long term Investment. Second home prices are definitely going up, especially in resort areas and here's why. A- Demographics or baby boomers. They are now getting into the second home market and will continue to influence it in a big way up and through the year 2020. B- Post boomers and professionals. It is now common to see two income households making $100,000 per year. Second homes are a direct route to mo

Starting a business in Florida

Florida Starting A Business Florida ranks fourth in the nation in the number of expanding or relocating businesses. If you have a special skill, industry knowledge and or a lifetime interest, Florida may be the best place for you to consider owning and or starting a business. Florida has a wonderful spirit of innovation. From the Aerospace industry to Art galleries, it all has a place here. In the coastal areas it’s possible to have a business that caters to locals and the tourists. This seems to be the best of both worlds depending on what business you’re in. For more specific information on incorporating and business licenses, go to www.myflorida.com and www.sunbiz.org Rents will obviously vary greatly. Shops on Los Olas Blvd in Ft Lauderdale and Duval street in Key West charge extremely high rents per sq ft. However they also make lots of money due to thousands of tourists and locals daily. For more information on what the business climate is like, check the different area links and

Florida Employment

Florida Employment Florida is the countries economic hotspot. With low taxes, reasonably priced land, convenient transport and beautiful weather, Florida has produced more jobs than any other state. So, if you have to work for a living, why not work where it’s warm and there are beaches and palm trees? Just because you can relax on the weekends, diving, fishing etc year round, doesn’t mean you’ll lose your edge…unless you go to Key West that is (just kidding) If you’re unsure of the job market here or worry about replacing or finding a new job…Relax. If you’re a hard worker, and show up on time you’ll do fine, regardless of where you live in the 48. Good people really ARE hard to find. Now for some facts: * Florida has a tremendously diverse economy. Major employers encompass retail, manufacturing, farming, aerospace, government, communications and computers. * Another prime employer here is the construction industry and all it’s related categories. * In fact, construction

Pensacola Cost of Living

Pensacola and Escambia County Cost of Living The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment. Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living. • Cost of living indexing explanation A figure of 100 points is used as an average both for the USA and Florida. For example: Boise Idaho is ranked at a 99 Boston Mass is rated at 240 San Francisco at 217 Statewide, Florida cities come in from a low of 90 and up. One way to compare Florida areas to salary requirements For example-If you were relocating from Portland Oregon (whose rate 1s 120) to Orlando, and you currently make $50,000 per year, the formula is as follows Take the destination index, in this case Orlando-99.8 an

FOUR MAJOR HURRICANES HAVE FOREVER CHANGED RETIREES HOUSING NEEDS

Melbourne Florida January 5th, 2006. Although four hurricanes in 2005 haven’t frightened anyone off, retirees housing considerations have changed in two major ways. 1. Location. Not just location as it concerns nearness to medical, transportation, recreational and educational opportunities but location as it concerns insurance costs and vulnerability. This affects proximity to water, flood zones and much more. 2. Age and construction:. People are looking to trade up or buy something newer and/or better built from the get-go. This concerns year built, concrete block versus frame, modular to mobile, roofing types, code restrictions and more. To make it more complex-the cost of living indexes still factor into all these decisions. So the problem then is, how to get more detailed information about location and construction in addition to health, education, transportation, employment, recreation, etc.